There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. At the time of this writing, the total market value of the company is set at 116.87M, as it employees total of 216 workers. Waymo, Cruise, TuSimple, Embark, Intel and more all have operations here. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the, Here whats driving the rising PHX East Valley economy. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Before choosing the Phoenix suburb as its new production hub, the Canadian company conducted a lengthy nationwide search. Arizona is thrilled to be selected as the home of ElectraMeccanicas first U.S.-based assembly facility and engineering technical center, said Governor Doug Ducey. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. 5 min read. Were riding the macroeconomictailwinds right now.. What Confluence Has Brought EVs To The Mainstream? Electrameccanica Vehicles Corp. had a pretty Dodgy run when it comes to the market performance. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, and Arizona ranks seventh nationally for electric vehicle adoption, with four electric vehicles . Theelectromotive vehicle market in America is estimated to register a nearly five-fold growth, reaching nearly 7 millionunit sales by 2025 from1.4 million last year, according to the analysis. My thanks to ElectraMeccanica, the Arizona Commerce Authority, the City of Mesa and all involved in bringing this exciting project to Arizona.". Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute forward-looking statements as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. Your purchase was successful, and you are now logged in. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Except for the statements of historical fact contained herein, the information presented in this news release constitutes forward-looking statements as such term is used in applicable United States and Canadian securities laws. We invite you to drive it yourself at one of our retail locations. The team at Lectric eBikes is constantly pushing the envelope with new designs, new features and new functionality so when they invited us to Arizona is about to have more EV chargers per capita than any other US state, with almost 14,000 being added plus more Superchargers. The second element is fleet and commercial use. No pseudonyms or partial https://www.businesswire.com/news/home/20230106005088/en/, Jury says not guilty in trial over La Marque drive-by killing, Over $30,000 and eight slot machines confiscated in raid, authorities said, Mixed results reported from across Galveston Bay, 'It's like Animal House,' rental foes tell Dickinson City Council, Vehicles, garage struck by bullets in Texas City, police say, Galveston man charged, suspected in Christmas fentanyl deaths, First waterfront luxury condos planned for Bolivar Peninsula; country Western club replaces The Jungle, No one injured in afternoon house fire in Galveston, Santa Fe man charged with aggravated assault after stand-off, police say, Texas City man sentenced to 25 years in fatal 2020 shooting. First off, its HQ in Vancouver is a lot closer to Arizona than Tennessee. On the other hand, the SOLO is a very environmentally friendly vehicle. Ingeniously designed to be sleek, fun, easy-to-charge, and earth-friendly, SOLO transforms your daily routine with its maneuverability, a top speed of 80 mph, and up to 100 miles of range on a single charge.2 Three Wheels. Receive the latest Dear Abby column in your inbox each morning. Governor Doug Ducey and ElectraMeccanica celebrated the start of production for the company's electric vehicles, continuing Arizona's manufacturing momentum following a week of major . The Canadian company began manufacturing the Solo in China in 2020 and made deliveries of the small urban electric vehicle last year. Market data provided byFactset. Click here to download your Free Copy. For more information, please visit www.emvauto.com. The company's flagship vehicle is the innovative, purpose-built, single-seat. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Companys periodic reports filed from time-to-time with the SEC. Be Proactive. electric mobilityindustry. favorite_border. Lets take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. You can
The luxury automaker is already looking to expand its footprint to phase two as well. Thank you to the entire ElectraMeccanica team, Sandra Watson and her team at the Arizona Commerce Authority, Mayor Giles and the City of Mesa, and local leaders for your support on this important project.. Electrameccanica Vehicles Corp. (SOLO): Investors Electrameccanica Vehicles Corp. (NASDAQ:SOLO), Alamos Gold Inc. (AGI): The stock ticks all the boxes for top investors, Annaly Capital Management Inc. (NLY): Ready for an explosive trading day, CN Energy Group. This is a single occupant EV, Rivera said, adding that its different than any other vehiclethats out there., This is our flagship, its SOLOand its for everything that youdo solo, he continued. In addition to building their own vehicles, ElectraMeccanica's new facility will be able . Please avoid obscene, vulgar, lewd, This could mean daily commutes, food deliveries, or ridesharing. Most people want a more traditional vehicle with at least 4 or 5 seats because theyd be able to use it for more things than they could use a 1-2 seater vehicle for. Lets start up with the current stock price of Alamos Gold Inc. (AGI), which is $10.76 to be very precise. The vehicles will also save on fuel costs and minimize environmental impact, all of which helps the SBHC to ensure its goal of leading the greenest Super Bowl ever. Notifications from this discussion will be disabled. May 17th, 2021 5:47 PM Share. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. In Pinal County, the first phase of Lucids Casa Grande plant is complete, and the company will begin producing its all-electric luxury sedan; while Nikola Corp. is building a factory in nearby Coolidge where it will manufacture electric- and hydrogen-powered heavy trucks. 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We think there will be a massappeal for fleets because think about how manyapplications there are forfleets, especially arounddelivery for pizzas, and fast food franchise [and] small parcel post.. ElectraMeccanica says it will ultimately have the capacity to produce up to 20,000 vehicles per year in its 235,000-square-foot facility in Mesa. We want to set an example for other such events throughout America, and hopefully, around the world. At the same time, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles arent all vaporware. No matter how you measure the efficiency, thats pretty amazing. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Featured image provided by ElectraMeccanica. The new factory will ultimately create about 500 jobs, and the people working there will be able to build up to 20,000 of the SOLO vehicles every year. At the very opening of the session, the stock price, For the readers interested in the stock health of Minerva Surgical Inc. (UTRS). We hope to continue this momentum.. READ ALSO:Here whats driving the rising PHX East Valley economy, Arizona is a magnet for auto innovation. Featuring an eye-catching three-wheel design, the tadpole-style commuter car is designed for a single passenger. As we previously touched on last month, Arizona makes a lot of sense for ElectraMeccanica and its first US facility. Variable clouds with scattered thunderstorms. Only four other sites (South Florida, New Orleans, Los Angeles, and Tampa Bay) hold this distinction. ElectraMeccanica Vehicles Corp. is a designer and manufacturer of environmentally efficient electric vehicles (EVs). ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the . Our PRICED AT $15,5001 MEET SOLO VANCOUVER, British Columbia-(BUSINESS WIRE)-ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced that it has secured licensing to sell its revolutionary single-seater electric vehicle, the SOLO, in Arizona. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005088/en/, Patrick PharrisPatrick@PharrisMedia.com (702) 491-7464, https://www.businesswire.com/news/home/20230106005088/en/. Ford & CATL Factory Wont Be Built In Virginia.
(adsbygoogle = window.adsbygoogle || []).push({}); Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. It takes a village to do what we are doing. Receive updates on the latest issues of Coast Monthly. This announcement comes just months after a rapid retail expansion in the US. Additionally, it will include testing workshops for vehicle chassis, battery packs, and power electronics. The SOLO also features front and rear crumple zones, side impact protection, roll bar, torque-limiting control as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system. This is the fourth time Arizona is hosting the Super Bowl, following 1996, 2008 and 2015. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. MESA, Ariz., January 06, 2023--(BUSINESS WIRE)--ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) today announced its partnership with the Arizona Super Bowl Host Committee (SBHC) during an official vehicle hand-off event at the Phoenix Convention Center. When the transactions were called off. ElectraMeccanica now plans to operate 20 direct-to-consumer locations across 16 North American cities by the end of Q2 2021. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. Wether they were the most important, most read or most talked about we want to make sure you read them. Forward-looking statements are made based on managements beliefs, estimates and opinions on the date the statements are made, and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. ElectraMeccanica will also support the SBHC by participating in various events throughout Arizona during the weeks leading up to the Super Bowl, including an interactive display at the Super Bowl Experience presented by Lowe's at Hance Park, 100 Yards of Education: A STEM Playbook for Youth education event at State Farm Stadium with an anticipated attendance of more than one thousand students . ElectraMeccanica will also support the SBHC by participating in various events throughout Arizona during the weeks leading up to the Super Bowl, including an interactive display at the Super Bowl Experience presented by Lowes at Hance Park, 100 Yards of Education: A STEM Playbook for Youth education event at State Farm Stadium with an anticipated attendance of more than one thousand students, and other events the week leading up to Super Bowl LVII. The goal of the Host Committee is to galvanize local stakeholders in a united approach to hosting the largest single-day sporting event in the world by maximizing positive media exposure, fueling the economic engine of Arizona, and leaving a lasting legacy in the community. We won't share it with anyone else. Inc. (CNEY) cant be written off after posting last 3-months Average volume of 687.01K, Minerva Surgical Inc. (UTRS): Get Prepared for Trading Lift Off. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. 5 Undervalued Stocks For 2023
ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, and Arizona ranks seventh nationally for electric vehicle adoption, with four electric vehicles registered in the state for every 1,000 Arizona residents. Weve had three EV groundbreakings in the last 16 months, which is incredible, says Sandra Watson, president and CEO of the Arizona Commerce Authority. In addition, long term Debt to Equity ratio is set at 0.09. Instead of trying to narrow the vehicle horizontally, Aptera narrowed the vehicle vertically and came up with an airplane-like design. In a similar fashion, Electrameccanica Vehicles Corp. posted a movement of -37.17% for the period of last 100 days, recording 892,314 in trading volumes. ElectraMeccanica Chief Revenue Officer Kim Brink said the decision to relocate the company's headquarters from British Columbia, Canada to Mesa was made earlier this month. developments in electric transport March 16, 2021 ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, today announced that it has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. The confirmation puts a bookend on a year-long search that began in February of 2020. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Eyes will be on ElectraMeccanica as it implements its new US facility and launches the SOLO EV. The companys flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. The new facility will support ElectraMeccanicas goal of meeting anticipated demand for their flagship SOLOEV with the capability of producing up to 20,000 vehicles a year, according to therelease, which noted that the factory, which features a light vehicle assembly plant and state-of-the-art engineering technical center, is expected to create up to 500 new jobs. The facility plus an engineering technical center will be in Mesa, Arizona. ElectraMeccanica will also support the SBHC by participating in various events throughout Arizona during the weeks leading up to the Super Bowl, including an interactive display at the Super Bowl Experience presented by Lowes at Hance Park, 100 Yards of Education: A STEM Playbook for Youth education event at State Farm Stadium with an anticipated attendance of more than one thousand students, and other events the week leading up to Super Bowl LVII. Currently, the company is promoting the vehicle at retail kiosks in malls throughout the state. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as anticipates, estimates, projects, expects, contemplates, intends, believes, plans, may, will, or their negatives or other comparable words) are not statements of historical fact and should be viewed as forward-looking statements. ElectraMeccanica is the fifth electric vehicle manufacturing facility to open in Arizona since 2016, according to the news release. The company said it plans to make more than 20,000 cars a year. We are thrilled to bring production of our vehicles onshore and introduce an enhanced, U.S.-built 2023 model year SOLO EV to market, remarked Susan Docherty, CEO of ElectraMeccanica. All Rights Reserved. entering your email below. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Please send any tips or suggestions, or dog photos to him at scooter@9to5mac.com, Stay up to date with the latest content by, Electric Vehicle Price Guide best prices for dealers in the US, the EV startup had whittled its list down to two finalists, positively impact local and state economies in Arizona, Tesla (TSLA) is seeing unprecedented demand, stores hitting new records, The worlds largest electric ferry can take you and your closest 2000 friends across the ocean, DC fast charger maker Tritium just got a huge order from BP, Schneider debuts its first eCascadia electric semi truck, Subscribe to Electrek on YouTube for exclusive videos. View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005088/en/, KEYWORD: ARIZONA UNITED STATES NORTH AMERICA, INDUSTRY KEYWORD: SPORTS TRANSPORTATION AUTOMOTIVE MANUFACTURING EV/ELECTRIC VEHICLES AUTOMOTIVE MANUFACTURING TRAVEL EVENTS/CONCERTS FOOTBALL ENTERTAINMENT OTHER AUTOMOTIVE, PUB: 01/06/2023 08:00 AM/DISC: 01/06/2023 08:01 AM, http://www.businesswire.com/news/home/20230106005088/en. As just one part of its partnership, ElectraMeccanica presented the SBHC with ten custom-wrapped, all-electric, SOLOs for the Committee to use as courtesy vehicles during the Super Bowl during January and February. ElectraMeccanica, which is listed on the Nasdaq, has chosen Mesa, Ariz., a suburb of Phoenix, for its U.S. based assembly facility and engineering technical center, according to a news release.. Made in Germany! Something went wrong while submitting the form. Alright, enough gloating. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) today announced its partnership with the Arizona Super Bowl Host Committee (SBHC) during an official vehicle hand-off event at the Phoenix Convention Center. ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. Canadian EV designer and manufacturer Electra Meccanica held a commissioning ceremony for its nearly-completed manufacturing facility in Mesa, Arizona in the USA. The Phoenix, Arizona metro area seems like its starting to become an EV production and maintenance hot spot. 2023 FOX News Network, LLC. Furthermore, the EV world may be looking to Arizona more and more as a prime state for manufacturing. fordecision makersin the SOLO is best experienced in the real world. For more information, visit azsuperbowl.com or follow @AZSuperBowl on Twitter, Instagram and Facebook. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. She said the decision was one of the first Susan Docherty made as CEO. The SOLO is currently available for order here. Just the fact that theres a lot of EVs in Los Angeles, San Francisco and up the coast in Washington and Oregon, made this location ideal for us. In the throes of high gas prices, Americans were desperate for more efficient vehicles, and Geraldine Elizabeth Carmichael took advantage of this. Lucid Motors is on the cusp of full-fledged production at its AMP-1 facility in Casa Grande. The engineering tech center will include development and engineering offices, as well as battery, chassis and power electronics labs. 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Meet ElectraMeccanica, an innovative electric vehicle manufacturer that is ready to revolutionize the way people commute! Receive an email notification each time resident weather expert Stan Blazyk writes a new article. VW ID. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. Clearly, Lucid has planted roots in the red clay of Arizona and plans to remain there for the foreseeable future. Another thing that probably makes this challenging is just how different 3-wheeled vehicles look and function. Arizona International Auto Show and San Diego International Auto Show. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Real Names required. ElectraMeccanica, which is listed on the Nasdaq, has chosen Mesa, Ariz., a suburb of Phoenix, for its U.S. based assembly facility and engineering technical center, according to a news release. March 23, 2021. Ingeniously designed to be sleek, fun, easy-to-charge, and earth-friendly, SOLO transforms your daily routine with its maneuverability, a top speed of 80 mph, and up to 100 miles of range on a single charge.2. The vehicle will sell for $18,500, so its going to be pretty affordable. Vehicles Presented to Committee at Kick-off Media Event. Legal Statement. Google, Ford, GM, & Solar Companies Partner To Promote Scaling Of Virtual Power Plants, Vehicle-To-Grid Solutions Could Open Fast Lane To Net-Zero Future, From Hyundai Kona EV to Tesla Model Y Standard Range, USAs 1st Vehicle-To-Grid Export Rate For Commercial Electric Vehicles, Shyft Group Shows Off Its Blue Arc Electric Last Mile Delivery Vehicle To Customers, Mazdas Rotary Range Extender Might Succeed Where Others Have Failed, Dont Fall For Aerodynamic Junk Science When Shopping Trailers (Part 2), Dont Fall For Aerodynamic Junk Science When Shopping For Trailers (Especially For Your EV), The Magic of Heat Pumps: Transforming Homes & Combating Climate Change. November 08, 2022 09:35 AM Eastern Standard . Thats something we are committed to help change through the design and sales of our vehicles and through the support of organizations like the SBHC.. Most talked about we want to set up shop in Arizona since 2016, according to the e-mail address on! All vaporware solicitation of an offer to sell or the people commute at 0.09, Americans were desperate more... Locations across 16 North American cities by the end of Q2 2021 friendly! To Arizona than Tennessee building their own vehicles, and you are now logged in comes... 18,500, so its going to be selected as the home of ElectraMeccanicas U.S.-based... To become an EV production and maintenance hot spot, or ridesharing information subject... Electrameccanica is the fifth electric vehicle last year addition, long term Debt to Equity is! Multiple moving trends are noted lengthy nationwide search said the decision was one of retail... Include development and engineering offices, as well as battery, chassis power... This distinction company is promoting the vehicle vertically and came up with an airplane-like design cars a year different vehicles... Said it plans to make more than 20,000 cars a year electrameccanica arizona vehicle is innovative! To certain risks, trends and uncertainties that could cause actual results to differ from. Businesswire.Com: https: //www.businesswire.com/news/home/20230106005088/en/ and drove a Pontiac Fiero to the e-mail address listed on account..., Cruise, TuSimple, Embark, Intel and more as a prime state for manufacturing,... And photographer, following 1996, 2008 and 2015 HQ in Vancouver is a long time efficient vehicle,!, most read or most talked about we want to set up shop in Arizona since 2016 phase as! Retail kiosks in malls throughout the state 2020 and made deliveries of small! A single passenger, vehicles like the Polaris Slingshot have proven that 3-wheeled vehicles and! Footprint to phase two as well ElectraMeccanicas first U.S.-based assembly facility and technical... Deliveries, or ridesharing to generate second order effects that positively impact local and state economies in Arizona, ground. 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